Fax : 505-857-2383
Address: 6767 Academy Road NE, Albuquerque, NM 87109
Courtesy of: NM Apartment Advisors, Inc.
Developed by the Plunkett family in 1930s and 1950s, this apartment community offers live-in amenities that are unparalleled in downtown living. The large, 2,824 house contains a family room, a living doom, a dining room, a bonus room and four bedrooms (we have listed it as a 3 bedroom as you enter one bedroom through another room) and 2/5 baths. The property has lush garden areas, spacious areas full of grass, a laundry room, a car port and five garages. At the ask price of $1,212,000 and an average rent of $1,009, the measure of investment performance include a GRM of 9.10, a CAP rate of 6.28%, a price per unit of $110,182, a price per square foot of $124.23 a before tax IRR of 14.30% and an after tax IRR of 11.40%. If rents were raised to market of $1,055, MIP improves to 6.